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Monday, 06 February 2012 15:44 |
Following the pricing of Industrial Bank of Korea (IBK)’s (A/A1) A$350 million (US$375.2 million) Kangaroo debut on January 17, Korea Finance Corporation (Kofcor) (A/A+) mandated its own inaugural Kangaroo transaction on February 6. On successful completion of the new deal, 2012 will become the first year in which more than a single Asian financial institution (FI) Kangaroo has priced since 1996.
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Friday, 03 February 2012 22:35 |
The issuer of the largest floating-rate note (FRN) transaction issued by an Australian semi-government, Treasury Corporation of Victoria, says the investor base for its most recent deal was notably wider than was the case in previous such transactions. It also, unlike other FRNs issued by Australian states in recent times, saw a significant domestic bid.
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Friday, 03 February 2012 14:54 |
More deal flow emerged in the Australian domestic market at the turn of the second month of the year, with a number of semi-government placements and the second transactions of 2012 from both the domestic corporate and high-grade Kangaroo sectors. Perhaps the most significant transaction, though, was the first domestic senior unsecured bank deal of the year.
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Last Updated on Friday, 03 February 2012 15:30 |
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Friday, 03 February 2012 08:51 |
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The issuer of Australia's first domestic senior unsecured bank deal of 2012, Rabobank Nederland Australia Branch (Rabobank Australia), says the transaction demonstrates the ongoing investor support for the asset class despite the recent issuance focus on covered bonds. While price discovery was challenging given the lack of recent comparable transactions, Rabobank Australia also says the February 2 tap to its April 2015 line attracted broad demand.
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Last Updated on Monday, 06 February 2012 16:48 |
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Thursday, 02 February 2012 14:38 |
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